Ranger Investment Management L.P. Increases Stock Position in Oceaneering International, Inc. (NYSE:OII)

Ranger Investment Management L.P. increased its stake in Oceaneering International, Inc. (NYSE:OII - Free Report) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 906,473 shares of the oil and gas company's stock after buying an additional 204,164 shares during the quarter. Ranger Investment Management L.P. owned about 0.90% of Oceaneering International worth $23,641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Oceaneering International during the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC lifted its position in shares of Oceaneering International by 354.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,047 shares of the oil and gas company's stock worth $104,000 after purchasing an additional 3,157 shares during the last quarter. KBC Group NV boosted its stake in shares of Oceaneering International by 72.6% during the fourth quarter. KBC Group NV now owns 5,210 shares of the oil and gas company's stock valued at $136,000 after purchasing an additional 2,192 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Oceaneering International during the fourth quarter valued at $156,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Oceaneering International in the third quarter worth about $202,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International Stock Down 1.4 %

Shares of NYSE:OII traded down $0.23 during trading on Monday, reaching $16.77. The stock had a trading volume of 135,587 shares, compared to its average volume of 853,464. The firm's 50-day simple moving average is $21.42 and its 200 day simple moving average is $24.66. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $30.98. The company has a market capitalization of $1.69 billion, a P/E ratio of 11.65 and a beta of 1.94. The company has a current ratio of 1.74, a quick ratio of 1.46 and a debt-to-equity ratio of 0.67.

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Oceaneering International (NYSE:OII - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.02). The firm had revenue of $713.45 million for the quarter, compared to analyst estimates of $681.60 million. Oceaneering International had a return on equity of 17.29% and a net margin of 5.54%. As a group, research analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OII shares. StockNews.com downgraded shares of Oceaneering International from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Citigroup downgraded Oceaneering International from a "buy" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a report on Friday, January 10th. Pickering Energy Partners upgraded Oceaneering International from an "underperform" rating to a "neutral" rating in a report on Wednesday, April 2nd. TD Cowen raised their price target on Oceaneering International from $26.00 to $27.00 and gave the company a "hold" rating in a research note on Wednesday, January 8th. Finally, Barclays dropped their target price on shares of Oceaneering International from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Oceaneering International has a consensus rating of "Hold" and an average price target of $28.25.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.